STEP LEASE Definition

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STEP LEASE is a type of lease that outlines or stipulates the expected annual increases in the tenants base rent based on an approximation of what the landlord believes what the landlord's expenses may be.

Learn new Accounting Terms

SIPS is an acronym for Secure Internet Payment Service (e.g., Cybercash).

BUSINESS COMBINATION is the merger of separate entities or operations of entities into one reporting entity.

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